bob schieffer of cbs will be moderating. you can watch complete coverage right here on cnbc and of course the cnbc twicker will be live. right now let's get you up to speed on this morning's top stories. >> making headlines this morning, spain's prime minister getting backing for his austerity drive. the vote removes a potential obstacle for him asking for a bailout. the timing of any spanish bailout is still uncertain, of course, and we'll have more from ross westgate in just a few minutes. japan's exports tumbling by 10.3% in the year. sharpest decline since the aftermath of last year's earthquake. meantime bank of japan is cutting it outlook for local regional economies due to a fight with china and weak global demand. and bp says it has not yet reached that agreement on the sale of its 50% stake in tnk. bp and rosneff reportedly preparing to announce a deal worth more than $25 billion. could give the british oil company a stake of between 16% and 20%. we've been waiting for that transaction to cross the tape, but it has